[LB047068], Letter from Thomas Alva Edison to Sherburne Blake Eaton, January 24th, 1891
https://edisondigital.rutgers.edu/document/LB047068
Transcription
January 24, 1891. Major S. B. Eaton, #120 Broadway, New York City. Dear Sir:- I have your letter of 23rd instant, detailing interview between Mr. Lippincott, Mr. Bush and yourself, on the date mentioned. In regard to paragraph 2: Mr. Bush is mistaken as to what he told me. I was informed that they had made an arrangement with the Graphophone Company whereby the latter was to receive $10 royalty, but the clause that they should acquire all my inventions was never mentioned to me. Had it been I would shut down on it immediately. With reference to paragraph 3: The 60 day clause was allowed to permit of Lippincott collecting from the other Companies. Paragraph 5: The stocks mentioned are no good in view of Graphophone contract. Perry tells me that N. A. P. Co. stock is hawked around the street for ten dollars a share. Paragraph 6: The total amount due me will amount to over $250,000. Paragraph 7: I think we had better not give any new note, unless it is legally necessary to do so, but let the old one [illegible next] on. If, however, the issue of a new note is necessary in order to [illegible text] the effect of my memo, why then it is O. K. Paragraph 8: Our accounts are without profit and are charged up in the usual way, the same method being applied to everybody. Yours very truly, Thom A Edison